Morning journal and courier., 1887-03-14

successor be Charles F. Clark, a membe of the board and ex-president of the Ne1 | York and New England road. Action ol | these important questions constituted tn l business of Saturdays meeting at the com
 pany's headquarters at the Grand Centra station.
 ''These propositions were duly taken unde l consideration by the board, said Nathanie Wheeler of Bridgeport, one of the directors 1 just after the meeting, 'sbut the board was il l hopes that MT. Watrous' health would be s improved by rest that he could be induced | to retain the presidency. When ws met however, he announced that he was fully resolved, in duty to himself and his family to resign an office whose cares had broker him in health and were more of a burdeI than he was willing to bear any longer After thoroughly considering the matter w accepted his resignation, and as he had strongly urged upon us we elected MT. ClarI to the presidency. The election was unani
 nous. The new president will enter upor
 his duties immediately. In fact he is presi
 dent now. We would have been glad to re
 tain MT. Watrous at the head of the compa-
 ny, but when we found that his purpose
 was not to be shaken we could do no more
 than to accept his resignation, pass resolu-
 I1OAb OApLC5SALS OuA uIS W1CA-
 drawal and elect the successor he had himself chosen. The change in the presidency will involve no change in the policy of the road, nor do we expect any other change in the officers"
 President Watrous when seen last evening said in response to enquiries that he could add but little more to what had been given to the public on the subject. It was true that he had resigned simply and solely of his own choice and volition for the improve ment of his health, which had become im- paired by the constant strain, wear and tear incident to a conscientious discharge of the manifold and oft times perplexing duties of the management of the road. His future intentions he waived for the present. He had hardly yet got out of the harness and had not made his plans as to resting. He might take trip to Europe the coming summer, or he might take one across the continent to the Pacific slope. He had once before visited Europe. That was in 1874, a little before he took the presidency of the Consolidated road. He had also at another time been out of the United States. That was last year, when he took trip to Cuba. He would, however, take a rest before resuming the practice of law. He had not been officially notified that the railroad company would like to continue him in service as the legal adviser or general counsel of the corporation, but had heard rumors to that effect. For the present, however, he had no desire to re obliged, as duty he owed to himself, to sever himself from the cares and responsi- bilities which he had laid down. He parted with the management under the most pleas ant releations. Of MT. Clark he said: "He is very bright man, fully competent for the discharge of the duties he has assumed, and l shall be very much disappointed in my esti- mate of the man if he does not discharge the duties of his position ably and to the satis- faction of the road and the public"
 A director of the Consolidated road when seen last evening said ''Yes, we parted with Mr. Watrous with regret. We could not shake his determination to resign. His ad- We parted with him under the very best of feeling. The whole dictatorship of the road is very united and it's meetings are harmoni- ous without exception and free from disa- greement. MT. Watrous resigned simply and solely for the benefit of his health which absolutely required him to take 8 rest and cessation from the responsibilities of the office, such as he could not have obtained even with 8 prolonged vacation, which he would not accept"
 Said MT. Clark Saturday after the meeting: "At MT. Watrous' request I withdrew my name from consideration as a possible mem Der of the board of interstate railroad con- nissioners. In my new position 1 shall try to do my duty. Any change of policy2 We shall continue to try to carry people and freight safely and cheaply as we can. That will be our policy"
 MT. Clark is 8 very competent railroad man and well qualified to assume the duties he has 5aken. Before he came to the Consolidated he was receiver and general manager of the New England road. He became second vice pres dent of the Consolidated road under Presi- a4r Sy, 1tapo ohav. yhav, Gen. Wilson was president of the New Eng and, and retained the office until December, 1883, when he again became receiver of the New England. Before he resigned as vice president of the Consolidated he became one of it's directors, taking the place of c. W. Chapin of Springfield, and has continued 6 member of the board of directors of the road sver since. He resigned the second vice presidency of the Consolidated to become re- ,eiver of the New England. His admirable of the road is we'll known. He brought order out of chaos and greatly i'm proved the property, then turning it over to the stockholders, and became the roads president Shortly after he took trip to Europe Sn nrs9sna tG tbd He retained of the road changed to the Bostwick party. When the road changed hands he was asked to remain with it, but coupled under such conditions that he de- ,lined. He has been taking rest for the past three months. MT. Clark was brought up merchant, but many years has been promi- lent in railway affairs. He is @ very cheer ul ,cheery man, who readily wins and retains llany friends and will be, in the language of ,ne of our citizens, welcome acquisition to New Haven. He is not a stranger in New Haven, having been formerly prominently identified with the Consolidated road, and is brother of Rev. Edward l.. Clark, who for church (now the United church) and s well and pleasantly remembered by hundreds of our citizens, as he drew very la4ge congregations, and was one of the most popular and eloquent of our city pas tors. President Clark's home is in Newton, Mass. He is man of 50, and very much resembles in personal appearance his brother, the minister. He has wife and children, and though but 50, has grandchildren. He will make his headquarters at the office of the Consolidated road in this city. His fam ly will probably continue to reside in New on for the present. A daughter of President Clark is pupil in a seminary for young adies in Hartford.
 A Hartford Director on the Subject.
 HARTFORD, March 13.-A director of the New York, New Haven and Hartford road yives the following account of yesterdays meeting of the directors: "There was but BlRRl0 vacancy drOQuO JUG uAIcC- 'ors' table, and Chauncey M. Depew md the other New York direc- ,ors were all present President George H. presented his letter of resignation, pleading his long continued i'll health in ex olanation. After some words of regret vote was passed and the va- ,ancy was at once filled by the election of Charles P. Clark, who was present as one of he directors, he having held that position ,ince his first connection with the road sev- ,ral years ago. It will be remembered that 1e came to the New York road at that time O take the second vice presidency which was specially created for him at 8 $1O, ,OOO ,alary. His office was at New York and it's ocation enabled him to speedily familiarize himself with the operation of the road on the Iection where the business is greatest. When le resigned to take the receivership of the New York and New England he continued in he directory of the New York and New Ha- yen road and his continuance as director ,ver since admirably fits him for the presi- lency ofvths great corporation. He enters lpon his duties at once at a very liberal sal ny.
 "This change in the presidency is purely personal matter. MT. Watrous was physic- lily unfit to remain longer at the head of yreat road which required very careful at ention and a degree of intense thought which he cannot bear in his present condi